Legal Question in Real Estate Law in New York

Easiest way to transfer 10% ownership of home to spouse. My wife wants to give me 10% ownership of her home, no warranties, no fuss.


Asked on 11/27/11, 9:39 am

2 Answers from Attorneys

Michael Markowitz Michael A. Markowitz, PC

Since you are married it is not an easy answer. As husband and wife, you are life partners. Therefore, you are both entitled to equitable distribution of a marital asset.

The 10% distribution of a marital asset (it is a marital asset even if solely in wife's name) may be done through a deed or a post-marital or separation agreement.

Mike.

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Answered on 11/28/11, 6:11 am
Steven Czik CZIK LAW PLLC

We have substantial experience handling these types of matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

CZIK LAW PLLC

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The information provided by Czik Law PLLC (CLP) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. CLP is not taking and will not take any action on your behalf and will not be considered your attorney until both you and CLP have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain CLP on terms acceptable to CLP, you are advised to immediately seek the services of another attorney

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Answered on 11/28/11, 11:58 am


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